Logistics Management Quiz

What is the primary goal of logistics management?

• To reduce product quality

• To ensure timely and cost-effective delivery

• To expand the supply chain

• To increase product prices

Which company is known for its sophisticated hub and spoke model in transportation logistics?

• Walmart

• FedEx

• Amazon

• Zara

What is the main focus of inbound logistics?

• Managing customer relationships

• Sourcing and transporting raw materials

• Reducing transportation costs

• Delivering finished goods to customers

How does logistics management differ from supply chain management?

• Logistics is broader than supply chain

• Logistics focuses on transportation and storage

• Supply chain only deals with raw materials

• Logistics is unrelated to supply chain

What is the logistics value proposition focused on?

• Maximizing costs and minimizing service

• Balancing cost and service for customer satisfaction

• Reducing the number of supply chain partners

• Increasing inventory levels

What strategy does Toyota use to keep inventory low while meeting production needs?

• Last mile delivery optimization

• Third-party logistics

• Just-in-time (JIT) system

• Flat-packed furniture design

What is a key challenge in last mile delivery?

• Excessive inventory

• Lack of customer demand

• High costs and logistical difficulties

• Limited transportation options

Which technology allows for real-time tracking of goods in logistics?

• Blockchain

• Internet of Things (IoT)

• Artificial Intelligence

• Autonomous Vehicles

Which company uses AI to optimize routes and predict delays?

• DHL

• Amazon

• Walmart

• FedEx

What future trend is expected in logistics management?

• Less reliance on technology

• Increased emphasis on sustainable practices

• Reduction in global trade

• Decreased automation